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Nelnet, Inc. Strengths, Domain Expertise, and Key Differentiators
Nelnet, Inc., headquartered in Lincoln, Nebraska, is a US conglomerate primarily focused on financial services, specializing in student and consumer loan origination and servicing. Alongside its financial operations, Nelnet also manages investments, operates an internet bank, and owns Allo Fiber, a cable and internet provider.
Nelnet Campus Commerce, a prominent higher education brand in the US, now includes TMS, offering payment processing, billing, tuition management, and commerce services to colleges and universities. These services aim to alleviate financial strain by allowing payments to be spread across semesters and the academic year, reducing the need for excessive student debt. FACTS Management, also under Nelnet Business Solutions Inc., provides managed tuition payment plans, billing services, school information system software, professional development, and innovative technology products for educational evaluation.
Nelnet, Inc. Recent Developments
In August 2022, GRNE Solar underwent a rebranding and emerged as Nelnet Renewable Energy. With a history dating back to 2012, the company has been a key player in installing solar energy solutions for commercial and residential clients, as well as utility-scale projects spanning 13 states. Despite the change in name and branding, Nelnet Renewable Energy continues to provide the same comprehensive services, including expert installation, greenfield development, and serving as a solar tax equity investor. As part of Nelnet, Inc. (NYSE: NNI), Nelnet Renewable Energy offers a unique solar tax equity co-investment platform, a pioneering sustainability literacy platform tailored for educational institutions, and a dedicated venture capital team focused on supporting innovation in renewable energy.
In June 2020, Nelnet introduced a new business line, Nelnet Renewable Energy, offering community solar developers comprehensive and scalable subscriber acquisition, management and support services. The company also launched a new consumer website, NelnetEnergy.com, aimed at promoting renewable energy and supporting its community solar subscriber acquisition efforts. Nelnet Renewable Energy is committed to expanding renewable energy use by helping solar developers find subscribers for their community solar projects — homeowners, renters and businesses looking for accessible and affordable solar energy.
Nelnet, Inc. Mergers and acquisitions (M&A) Activities
In July 2022, Nelnet completed the acquisition of GRNE Solutions, a Midwest-based solar engineering, procurement, and construction (EPC) firm. As part of the deal, Nelnet also acquired specific solar assets from a GRNE affiliate, including both operational facilities and those still under construction. The transaction was finalized on July 1, 2022.
Nelnet, Inc. Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Nelnet, Inc. applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Nelnet, Inc. and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified FACTS, Nelnet Campus Commerce, Nelnet Payment Services, Nelnet International, Nelnet Community Engagement,Xetta,CD2 Learning, Catholic Faith Technologies. Vosaic,Nelnet Bank,BenefitEd, customers.
Nelnet, Inc. Overview
Ownership: - NNI (NYSE)
Number of Employees: 8237
Functional Market: Benefits Administration, Learning and Development,
Key Verticals: Banking and Financial Services, Communications, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Faith-Based Nonprofit, Professional Services, Utilities,
Nelnet, Inc. Key Cloud and HCM Applications
FACTS, Nelnet Campus Commerce, Nelnet Payment Services, Nelnet International, Nelnet Community Engagement,Xetta,CD2 Learning, Catholic Faith Technologies. Vosaic,Nelnet Bank,BenefitEd,
Nelnet, Inc. HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
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| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Nelnet, Inc. Revenue Breakdown by Type:
Nelnet, Inc. HCM Applications Revenues By Sub-Functional Markets, $M:
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Nelnet, Inc. HCM Applications Revenues By Verticals, $M:
Nelnet, Inc. Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
Nelnet, Inc. Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Nelnet, Inc. Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Nelnet, Inc. Customers
No. of Nelnet, Inc. Customers: 15000000
No. of Nelnet, Inc. HCM Applications Customers: x
No. of Nelnet, Inc. Cloud HCM Customers: x
No. of Nelnet, Inc. Cloud HCM Subscribers: x
Nelnet Campus Commerce extends its services to 1,400 colleges and universities globally, catering to 7.7 million students and families. FACTS Management serves approximately 11,500 private, faith-based K-12 schools, serving nearly 4.0 million students and families. While the majority of their clientele is based in the United States, the company has recently expanded its offerings to include Australia, New Zealand, and Southeast Asia.
Nelnet, Inc. Market Opportunities, M&A and Geo Expansions
In April 2022, Nelnet Bank introduced Nelnet Bank Private Student Loans to enhance their product offerings, providing college students with a flexible solution for financing their education. Leveraging Nelnet Velocity, an advanced loan origination and servicing solution, the bank ensures a swift and seamless application process. Beyond lending, Nelnet Bank is committed to promoting financial literacy, assisting students and families in cultivating responsible spending and saving habits, and making informed decisions about education financing. As a reliable option for additional funding when federal student loan options are exhausted, Nelnet Bank stands ready to support borrowers and their families in achieving their educational goals.
FACTS, a division of Nelnet, and broad-based services and technology partner for more than 11,500 schools, appointed Scott Spethman as president, effective immediately. Spethman most recently served as chief sales officer for Nelnet Business Solutions, overseeing sales and customer relationships for FACTS in the K-12 market and Nelnet Campus Commerce in higher education.
In April 2020, Nelnet opened an office in Utah, creating up to 52 high-paying jobs in the next five years. This location will be the headquarters for their recently formed banking operation and is their first Utah office.
Nelnet, Inc. Risks and Challenges
Variations in interest rates have the potential to affect the company's revenue derived from loan interest. Likewise, challenges such as data breaches, system failures, or inaccuracies in loan servicing procedures can detrimentally affect both the company's standing in the market and its financial stability.
Nelnet, Inc. Ecosystem, Partners, Resellers and SI
Nelnet Campus Commerce boasts seamless integrations with top-tier software providers such as Workday, Oracle, Ellucian, Jenzabar, and numerous others. Meanwhile, FACTS Management offers integration with Google Classroom, Blackbaud, Rediker Software, and other leading platforms.
Nelnet, Inc. Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Nelnet, Inc. Public Cloud and Infrastructure (IaaS)
- Nelnet, Inc. Platform (PaaS)
- Nelnet, Inc. Application Delivery
- Nelnet, Inc. Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing
databases as well as demand side and supply side research conducted throughout the
year with validation from vendors, customers, channel partners and documentations
such as earnings releases and 10Q and 10K filings, vertical industry studies,
regional and country-level statistics from public and private institutions(i.e.
colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ
